What Winpak does

Winpak Ltd. is a Winnipeg-based, publicly traded (TSX: WPK:CA) manufacturer of high-performance flexible and rigid packaging materials and packaging machinery, founded in 1975 by the Finnish conglomerate Wihuri Oy, which remains the controlling shareholder. The company operates 13 business units across Canada, the United States, and Mexico, employing over 2,400 people, and serves five primary verticals: dairy, protein, food and beverage, healthcare (through its Wiicare division), and packaging machinery. Its product portfolio spans bags, pouches, thermoforming films, specialty films, trays, cups, lidding components, and packaging machinery (Genesis Pouch Machine, Titan Series Cup Machine), with healthcare-specific offerings including the Winspeed platform (WinForm cold-formable laminates, Drug-Pak blister lidding, Safety-Pak Plus child-resistant lidding) and the recently launched Medform DT recycle-ready forming film.

Winpak's underlying technology is built on multi-layer extrusion and coextrusion, lamination and coatings, multi-color printing, bag/pouch making, sheet/roll conversion, and in-house machinery design and fabrication at its Winpak Lane subsidiary in Rialto, California. The company differentiates through an integrated manufacturing model that combines materials, machinery, and technical service — branded as the "Innovation Engineering System" with 3D parametric CAD design validation — and through sustainability leadership including CDP A- climate scores for four consecutive years, leadership ratings in supplier engagement, and recycle-ready product platforms (FlexPod, SqueezePod, Medform DT).

The company generates revenue primarily through direct sales of packaging materials (Q1 2026 packaging materials revenue of $383.16M) and packaging machinery, with a differentiated go-to-market via the Bundle Savings Program, which bundles machinery purchases with multi-year material supply contracts (up to 8 years) at flexible financing terms. Named enterprise customers span major food and beverage brands (Cargill, In-N-Out Burger, McCormick, Danone, Yoplait, Tabasco, Schreiber, Litehouse), protein processors (Piller's Fine Foods), and healthcare manufacturers (Gojo), reflecting a sales-led enterprise motion across diverse end markets.

Name

Winpak

Legal name

Winpak Ltd.

Website

https://winpak.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Winpak Ltd. is a North American manufacturer of high-performance flexible and rigid packaging materials and packaging machinery, serving dairy, protein, food and beverage, healthcare, and machinery customers across 13 business units in Canada, the U.S., and Mexico under the Winpak and Wiicare brands.

Ownership category

akta.pro rank

Product category

Packaging Materials and Machinery

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Plastics Bag and Pouch Manufacturing (326111), Packaging Machinery Manufacturing (333993)

SIC

Plastics, Foil & Coated Paper Bags (2673)

akta.pro primary industry

Aseptic & Liquid Flexible Packaging (Bag-in-Box, Spouted Liquid Packs) (IMALABAI)

akta.pro secondary industries

Medical & Pharmaceutical Thermoformed Packaging (IMANAHAB), Wrapping & Bundling Equipment (Shrink/Stretch) (IMAHAOAD), Foodservice/To-Go Packaging (Cups, Clamshells, Cutlery) (IMALAHAM), Pharmaceutical & Medical Device Packaging (GMP, Tamper-Evident, Cold-Chain Packs) (TLAIAGAI)

Keywords

• Flexible packaging materials
• Thermoforming films
• Packaging machinery manufacturing
• Pharmaceutical packaging solutions
• Dairy and food packaging

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Packaging Materials Sales: Sale of flexible packaging materials including bags, pouches, thermoforming films, specialty films, lidding, cups, and trays. Revenue of $383.16 million in Q1 2026 and $284.9 million in Q4 2025.
2. Packaging Machinery Sales: Sale and financing of packaging machines including Genesis Pouch Machine, Titan Series Cup Machine, and related equipment through the Bundle Savings Program.
3. Bundle Savings Program: Combined offering of machinery and packaging materials with flexible payment structure. Surcharge added to packaging material purchases, removed once machine is fully paid.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Winpak manufactures and sells high-performance flexible and rigid packaging materials—including bags, pouches, thermoforming films, specialty films, horizontal/vertical films, cups, trays, and lidding—alongside proprietary packaging machinery (Genesis Pouch Machine, Titan Series Cup Machine, in-line cup/fill/seal equipment) through its Winpak Lane subsidiary. Products are produced across thirteen business units in Canada, the U.S., and Mexico, serving dairy, protein, food & beverage, and healthcare/pharmaceutical customers. The company also operates the Bundle Savings Program that combines machinery with packaging materials under multi-year financing, and the Wiicare healthcare packaging division offering Winspeed pharmaceutical platform solutions and Medform DT recycle-ready forming films.

Product overview

Winpak is a North American provider of high-performance packaging solutions with thirteen business units across Canada, the United States, and Mexico. The company operates a multi-module portfolio architecture combining packaging materials (bags, pouches, cups, trays, lidding, thermoforming films, specialty films, horizontal/vertical films) with packaging machinery (Genesis Pouch Machine, Titan Series Cup Machine, and related cup/fill/seal equipment). The portfolio spans five primary markets: Dairy Packaging, Protein Packaging, Food & Beverage Packaging, Healthcare Packaging, and Packaging Machinery. Winpak's healthcare division (Wiicare) offers specialized pharmaceutical packaging through the Winspeed® platform (WinForm®, Drug-Pak™, Safety-Pak™), while Medform™ DT represents their latest recycle-ready forming film. The company also provides sustainable packaging solutions including FlexPod™ and SqueezePod™ with EPR-readiness positioning. A Bundle Savings Program enables customers to acquire machinery and materials together with flexible financing.

Differentiator

Problem solved

Functional benefit

Brands

• Wiicare: Healthcare packaging division offering pharmaceutical packaging solutions including Winspeed platform products, Medform DT forming films, and related healthcare packaging materials
• Winspeed
• Medform DT
• Winpak Lane
• FlexPod
• SqueezePod

Products and services

• Bags Flexible packaging bags for food, beverage, and healthcare packaging applications.
• Pouches Flexible pouch packaging solutions including stand-up pouches and sachets for food, beverage, and pharmaceutical applications.
• Thermoforming Films High-performance thermoforming film materials for packaging applications requiring precise forming and maximum barrier protection.
• Specialty Films Advanced specialty film solutions for specialized packaging requirements across various industries.
• Horizontal & Vertical Films Flexible packaging films for horizontal and vertical form-fill-seal packaging operations.
• Trays Thermoformed tray packaging solutions including retort trays for various food and protein applications.
• Cups Thermoformed cup containers in multiple series (LD, DP, C, G, S, AP, Creamer, Single-Serve Beverage) for dairy, food, and beverage packaging.
• Lidding Die-cut and rollstock lidding solutions including Daisy Chain Lidding for cup and tray sealing applications.
• Packaging Machinery Packaging equipment including the Genesis Pouch Machine, Titan Series Cup Machine, WC In-line Cup Machine, WTL In-line Creamer Machine, and WVF In-line Vari-Fill Cup Machine, manufactured by Winpak Lane.
• Genesis Pouch Machine Vertical form-fill-seal pouch packaging machine for producing various pouch sizes with top seal options.
• Titan Series Cup Machine Horizontal in-line fill/seal packaging machine designed to run preformed round cups for dip, condiment, sauce, dressing, margarine, applesauce, yogurt, and pudding applications with outputs of 1100-1400 packages per minute.
• Winspeed® Portfolio Platform material solutions program for pharmaceutical packaging including WinForm® Cold-Formable Laminates, Drug-Pak™ Blister Lidding Foil, Safety-Pak™ Plus Lidding, and pouch/sachet laminates with short lead times and low minimum order quantities.
• Medform™ DT Recycle-ready thermoforming film crafted from predominantly polyethylene (PE) for healthcare packaging, compatible with uncoated DuPont Tyvek lidding and sterilization processes (EO, gamma, e-beam).
• FlexPod™ Iconic recyclable packaging solution designed for recyclability as part of Winpak's EPR-readiness packaging solutions.
• SqueezePod™ Iconic squeeze packaging solution designed for recyclability as part of Winpak's EPR-readiness packaging solutions.
• Inserts, Outserts and Labels Healthcare packaging components including Product Inserts (PIs), Outserts, MedGuides, Instructions for Use (IFUs), and Pressure-Sensitive Labels for pharmaceutical and medical device packaging.
• Bundle Savings Program Program bundling packaging machinery with packaging materials, offering flexible payment structures up to 8 years with bundled pricing benefits, including surcharges on materials that are removed once machinery is paid in full.

Quantifiable outcome

• Reduced total package costs by approximately 27% using Medform DT with uncoated Tyvek versus traditional nylon forming web and coated Tyvek
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• DuPontcoreTechnology or IntegrationWinpak's Wiicare division is an authorized converter of DuPont Tyvek in North America, Europe, and Asia. This partnership enables integrated forming film and lidding solutions, with Medform DT specifically designed for compatibility with uncoated DuPont Tyvek lidding.
• Healthcare Plastics Recycling Council (HPRC)minorStrategic or Co-development PartnerWiicare is a proud member of HPRC, working to advance recycling practices in healthcare packaging. Partnership supports development of recycle-ready materials and industry sustainability initiatives.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Berry Global Group: Berry Global is a large diversified plastic packaging manufacturer with broad exposure to films, containers, and engineered materials across consumer and healthcare markets. Its Consumer Packaging and Flexible Films businesses directly compete with Winpak in food packaging films, cups, and thermoformed containers, though Berry's scale and product breadth exceed Winpak's specialty positioning.
• Sonoco Products Company: Sonoco is a diversified global packaging manufacturer with operations across rigid paper containers, flexible packaging, and protective solutions. Its Flexible Packaging and Food & Beverage segments compete with Winpak in dairy, protein, and food packaging substrates, though Sonoco's portfolio also extends into paperboard cans and metal containers outside Winpak's scope.
• Amcor plc: Amcor is one of the world's largest flexible and rigid packaging companies with a broad portfolio spanning food, beverage, healthcare, and personal care. While much larger and more globally diversified than Winpak, Amcor competes head-to-head with Winpak in healthcare lidding, thermoforming films, and dairy/protein packaging, particularly through its Healthcare and Flexibles segments.

Direct peers

• Silgan Holdings: Silgan is a North American leader in rigid plastic packaging (thermoformed cups, trays, containers) and dispensing systems serving food, beverage, and personal care markets. Silgan's Dispensing and Specialty Closures and Plastic Containers segments directly overlap with Winpak's cup, tray, and lidding product lines, particularly in dairy and food packaging.
• Glenroy Inc. Glenroy is a privately-held North American flexible packaging converter specializing in pouches, films, and laminates for food, beverage, personal care, and healthcare markets. As a similarly-sized specialty converter focused on flexible substrates, Glenroy is closely comparable to Winpak's pouches and specialty films business lines.
• ProAmpac: ProAmpac is a leading North American flexible packaging manufacturer specializing in films, pouches, and sustainable packaging for food, beverage, and healthcare markets. As a privately-held flexible packaging specialist, ProAmpac is one of Winpak's closest direct competitors in pouches, bags, and recycle-ready film substrates.
• Sealed Air Corporation: Sealed Air is a major North American flexible and protective packaging manufacturer serving food, beverage, and healthcare end markets. It directly competes with Winpak in protein and food packaging films and shares the same sustainability/circular economy pressures driving Winpak's Medform DT and MultiBarrier investments.
• AptarGroup, Inc. AptarGroup is a global leader in dispensing systems, active material packaging, and sealing solutions for pharmaceutical, food, beverage, and personal care markets. Its Pharma segment directly overlaps with Winpak's Winspeed portfolio (Drug-Pak, Safety-Pak Plus) for child-resistant and peelable lidding used in pharmaceutical packaging.
• Printpack: Printpack is a privately-held North American flexible and specialty packaging converter serving food, beverage, healthcare, and consumer markets. Its portfolio of printed films, laminates, and pouches directly competes with Winpak's flexible packaging lines, particularly in protein and snack packaging applications.

Regional players

• Coveris Holdings: Coveris is a European-headquartered flexible and rigid packaging manufacturer serving food, beverage, healthcare, and industrial markets. While geographically focused on Europe rather than North America, Coveris's product portfolio in films, pouches, and recyclable packaging directly overlaps with Winpak's flexible packaging range, making it a relevant comparable for product strategy and sustainability positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/winpak/?originalSubdomain=ca

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Winpak